For each of the following multiple choice questions, choose the most appropriate answer :
1. An invester has taken a G-Sec and has parted with it mid way as he required the money, with the intention of not getting interest. What would he get?
A. Discounted Value
B. Principle amount
C. Discounted Value with persistency bonus
D. Principle with persistency bonus
2. If an insurance policy is Nsued wi& a An, it will be mentioned in :
A. Proviso
B. Scedule
C. Terms and conditions
D. Endorsement
3. Rajan takes a family floater health insurance of Rs 3 lacs from Insurance Company X and has health insurance of Rs 2 lacs from another Insurance Company Y from his employer's side. He suffers from heart attack and has a total bill of Rs 4 lacs. He can claim from :
A. Company X Only
B. Company Y Only
C. Both the companys to the extent of Rs 4 Lacs
D. Both the companys to the extent of Rs 5 Lacs
4. What should an agent do to understand the state of mind of the client with respect to his investments in saving products?
A. Fact finding
B. Consulting the client's parents
C. C Consulting the family of the client
D. Reviewing his existing investments
5. What are the benefits to the policyholder under Surgical. care rider?
A. Number of days admitted in hospital & surgery expenses in full
B. Number of days admitted in hospital & surgery expenses in partial
C. Treatment cost of surgery subject to terms & conditions
D. Lump sum amount what he has incurred
6. Insurance companies are required to honour the awards passed by the insurance ombudsman within :
A. 15 days
B. 1 month
C. 2 months
D. 3 months
7. When can an insurance company give more than 35% first year commission?
A. When the insurance company is in the first 10 years of operation
B. If the agent has worked with the company for more than 5 years
C. If the agent has worked with the company for more than 10 years
D. If the agent is doing more than 3 policies in a month
8. Mr Ramesh has taken a life police as recommended by an insurance agent. Now the role of Agent's Principal lies with :
A. Insured
B. Insurance Company
C. Proposer
D. IRDA
9. Both the parties to contract must agree and understand the same thing and in the same sense which is called
A. Consideration
B. Legality of an object
C. Consensus ad idem
D. Acceptance
10. A life insured had died one day before the expiry of grace period without paying the due premium. If insurance company has to pay claim at all, what should be the Claim amount?
A. Sum Assured
B. Surn Assured + Bonuses (if any)
C. Refund all the premiums paid till date
D. Sum Assured + Bonuses - premium due
11. Who are the clients for Re-insurance companies?
A. HNIs
B. Insurance companies
C. NRIs
D. All agents
12. If the annual premium for a plan is 32000 and a frequency loading of 4% is added in a premium, what is the amount that needs to be paid?
A. 8000
B. 8320
C. 9456
D. 9240
13. Ramesh wants to take an Insurance policy on the life of his brother Harish. Keeping the principle of insurable interest in mind under what circumstances can he insure Harish?
A. Ramesh is elder to harish
B. Harish's death can lead to financial loss to Ramesh
C. Harish has borrowed money from Ramesh
D. Ramesh has insurable interest in the life of Harish
14. If both mother and father of the proposer have died before the age of 30 due to heart diseases, it can be a case of:
A. Moral hazard
B. Physical hazard
C. Financial hazard
D. Occupational hazard
15. Rohit died and was paid the claim, which was less though he had paid all the premiums on time, what is the reason for the same?
A. Lien was applied to the Policy
B. Term plan was taken
C. ADrider was attached
D. Policy was affected due to moral hazards
16. In India, regulatory agencies for insurance sector is known as :
A. SEBI
B. ICAR
C. IRDA
D. RBI
17. The reason for verv less penetration of life insurance in India is :
A. Many people do not appreciate the importance of having insurance cover
B. Agents are not professional enough to provide need based solutions to customers
C. Insurance companies want to have more profits and they do not focus on customers
D. Insurance companies do not have good products to offer
18. Mohit has two kids, one of 6 years and other 8 years. He is the earning member and not having life cover. Before advising him to take health policy, what whould you advise him?
A. Health policy for child
B. Health policy for wife
C. Life insurance policy for wife
D. Life Insurance policy for himself
19. Indisputability clause can be enforced by the insurance company during the
A. First five years of policy
B. First Two years of policy
C. Claim
D. Inception of the policy
20. What is the ceiling of tax exemption under 80C?
A. 1 lakh
B. 1.5 lakhs
C. 2 lakhs
D. 3 lakhs
Electrician Books
Rs405 |
Rs405 |
Rs270 |
Rs278 |
|
Rs270 |
Rs279 |
Rs315 |
Rs315 |
|
Rs216 |
Rs225 |
Rs180 |
Rs180 |
|
Rs315 |
Rs279 |
Rs342 |
Rs279 |
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Rs505 |
Rs536 |
Rs217 |
Rs250 |
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Rs258 |
Rs299 |
Rs88 |
Rs101 |
|
Rs387 |
Rs315 |
Rs360 |
Rs270 |
Rs245 |
Rs378 |
Rs459 |
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Rs187 |
Rs136 |
Rs299 |
Rs266 |
Rs180 |
Rs201 |
Rs39 |
Rs323 |
Rs360 |
Rs260 |
Rs288 |
Rs270 |
Rs323 |
Rs215 |
Rs243 |
Rs160 |
Rs225 |
Rs387 |
Rs315 |
Rs359 |
Rs288 |
Rs270 |
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